CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Lamar Advertising Q3 revenue edges past estimates; raises guidance 

By Reuters News


Overview

  • U.S. outdoor advertising firm's Q3 revenue rose 6.6%, slightly beating analyst expectations

  • Q3 adjusted EPS rose to $1.59, up from $1.40 a year earlier

  • Company raised full-year AFFO per share guidance to $8.87-$8.97


Outlook

  • Company raises 2026 AFFO per diluted share guidance to $8.87-$8.97

  • Lamar sees 2026 diluted EPS at $6.01-$6.04

  • Company cites strong start to Q4 and demand from national customers and digital platform


Result Drivers

  • NATIONAL ADVERTISERS - Co said increased demand from national customers supported Q3 sales growth, per CEO Sean Reilly

  • DIGITAL PLATFORM - Co cited its digital platform as a key contributor to Q3 revenue growth, according to CEO Sean Reilly

  • POLITICAL ADVERTISING - Increased political advertising spend contributed to higher Q3 sales, per CEO Sean Reilly


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$624.47 mln

$621.86 mln (3 Analysts)

Q3 EPS

$1.59

Q3 Net Income

$165.02 mln

Q3 Adjusted EBITDA

$306.86 mln

Q3 Free Cash Flow

$220.14 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the specialized reits peer group is "buy."

  • Wall Street's median 12-month price target for Lamar Advertising Co is $160.00, about 0.9% above its November 4 closing price of $158.58

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago


Reuters Recommended Reads

  • Nov 4 - Magnite Q3 revenue beats, driven by political ad spends

  • Nov 4 - Sinclair Q3 revenue up 16%, beats analyst estimates

  • Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.